Country | AD | CVD | Reciprocal | Total |
Vietnam | 25.76% | 2.84% | 20% | 48.60% |
India | 2.49% | 5.77% | 25% | 33.26% |
Indonesia | 3.90% | 0% | 19% | 22.90% |
Sri Lanka | 0% | 0% | 20% | 20.00% |
Bangladesh | 0% | 0% | 20% | 20.00% |
Thailand | 0% | 0% | 19% | 19.00% |
Ecuador | 0% | 3.78% | 15% | 18.78% |
Argentina | 0% | 0% | 10% | 10.00% |
Honduras | 0% | 0% | 10% | 10.00% |
Guatemala | 0% | 0% | 10% | 10.00% |
Saudi Arabia | 0% | 0% | 10% | 10.00% |
Mexico | 0% | 0% | 10% | 10.00% |
Peru | 0% | 0% | 10% | 10.00% |
Disclaimer: This table is produced on a best-effort basis, but errors may occur.
Although some countries, such as India, are still negotiating, the new tariff landscape is slowly sinking in—a few quick notes. I will keep publishing when significant changes happen.
While India was previously relatively advantaged among its Asian peers, the new tariffs have narrowed the gap with Vietnam, and Indonesia now has even lower tariffs than India. Again, this may change when India gets slapped with additional tariffs due to its energy trade with Russia, but may change again when an eventual deal is made. The tariff shock is reflected in the share prices of listed Indian companies such as Apex Frozen Foods, Avanti Feeds, and Coastal Corporation.
Latin American suppliers maintain a competitive edge over their Asian peers, with Ecuador slightly disadvantaged due to an increased tariff from 10 to 15%. In comparison, the other Latin American shrimp suppliers have maintained a 10% tariff only. Ecuador and other Latin American producers will continue to grow their capability to produce peeled and value-added products in high demand in the US.